Sustainable Living Innovations Announces Closing of Fundraising Round
Sustainable Living Innovations (SLI) has successfully closed an Accelerated Growth fundraising round, raising approximately $53 million from various investors, including Equity Residential (EQR) and Goldman Sachs, as of January 7, 2022. This capital will support SLI's growth and key projects, including expanding its manufacturing facility in Tacoma, Washington. SLI is pioneering a patented technology platform for sustainable building construction, with the upcoming 303 Battery project set to be the first multifamily tower meeting net zero energy standards.
- Raised approximately $53 million in funding to support growth and projects.
- Expansion of manufacturing facility in Tacoma, Washington.
- Innovative building technology that meets high sustainability standards.
- 303 Battery project will be the world's first multifamily tower to meet stringent net zero energy requirements.
- None.
Investors in the company include Goldman Sachs,
“We are grateful for the support of our investors – both new and existing – and their commitment to what we are trying to accomplish,” said SLI CEO
SLI’s patent-protected technology platform is a new way to build, using wall and floor panels that are manufactured with electrical wiring, plumbing, mechanical, fire safety and network systems equipment pre-installed. By designing and manufacturing buildings as a product similar to cars and airplanes, SLI’s high-rise buildings go up faster and meet the world’s highest standards of sustainability.
SLI and its development partner recently broke ground on a five-story, 124-unit apartment building in
About Sustainable Living Innovations
Sustainable Living Innovations (SLI) is a building technology and product development company that is disrupting the world’s largest addressable market by reimagining how buildings are designed, built, and operated. The company is revolutionizing the built environment by producing technology-enabled finished buildings that exceed the world’s most stringent sustainability standards and also help solve the affordable housing crisis. SLI designs, develops, and manufactures complete technology-enabled buildings using proprietary, high-performance building panels complete with integrated mechanical, electrical, plumbing, fire safety and network systems infrastructure. SLI’s finished buildings are more sustainable, as well as faster to design and complete versus conventional buildings. The company employs more than 80 people with offices in
303 Battery
The 15-story, 112-unit 303 Battery, located in downtown Seattle’s Belltown neighborhood, will be the world’s first multifamily tower to meet the stringent net zero energy requirements set by the International Living Future Institute’s Living
303 Battery will be complete this fall and has been pre-sold to
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Source: Sustainable Living Innovations
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